Glossary
Welcome to our glossary section.
If you're looking for the definition of a particular finance term or phrase, you can look it up here in our loans glossary. If the term or phrase you're looking for isn't listed, please let us know and we'll make sure it gets included.
Poor Credit Rating
Individuals classed as having a poor credit rating are typically undesirable in the eyes of many lenders. There are a number of factors which can lead the borrower to be classed as having poor credit, typical reasons include failure to conform to any previous credit agreements as well as having a history of defaults, CCJ's and arrear notices.
